

Industry Awards
iGaming Fraud Increased 64% YoY: Sumsub Shares Alarming Data in 2024 iGaming Fraud Report
Sumsub, a global full-cycle verification platform, released its 2024 iGaming Fraud Report, with updated identity fraud numbers and predictions for the industry. According to findings, the most popular fraud schemes in the iGaming industry are bonus abuse, affiliate fraud, illegitimate chargebacks, money laundering and account takeovers.
Key findings of Sumsub’s 2024 iGaming Fraud Report include:
- Between 2022 and 2024, fraud in the online gaming sector increased 64% year-over-year on average.
- By country, Bangladesh leads the fraud charts in Q1 2024 with a whopping 8.5% of all applicants being fraudsters, followed by Indonesia (8%), South Korea (6.6%), Pakistan (6.1%), and Bosnia and Herzegovina (6%).
- Selfie mismatch is the most frequent type of fraud attack in gaming, representing 73% of all detected fraud in Q1 2024.
- AI-powered deepfake scams are advancing at unprecedented rates, having grown 10x between 2022 and 2023.
- Money muling remains the most widespread fraud scheme.
“Due to the growth of sophisticated scams and increase in the overall fraud rates in the iGaming industry, simple KYC checks are no longer a guarantee of players’ genuine personas and platforms’ robust protection. To ensure companies best avoid fraud scenarios and remain safe and compliant, they must deploy user identity verification at the onboarding stage in addition to betting pattern analysis and ongoing transaction monitoring,” Kris Galloway, Head of iGaming Product at Sumsub, said.
According to Statista, in 2024, the revenue of the online gambling market is expected to exceed $100B. By 2029, the number of users is predicted to reach 281.3M globally. Between 2022 and 2023, fraud losses for mobile casinos and betting platforms totaled $1.2B. With regulations becoming stricter, leading to millions in fines paid by iGaming platforms every year and license revocations, it is obvious that businesses that choose to settle for minimal defenses will likely suffer heavy financial and reputational losses.
“A combined approach is the best bet against advanced iGaming fraud. Every step of the user lifecycle must be protected—from initial sign-ups to the withdrawal stage. That involves KYC, behavioral intelligence, device fingerprinting, database checks, and more. Sumsub combines all the necessary checks within its full-cycle verification platform tailored to the needs of gaming platforms and operators, ensuring advanced fraud protection and a smooth player journey,” Andrew Novoselsky, CPO at Sumsub, said.
The post iGaming Fraud Increased 64% YoY: Sumsub Shares Alarming Data in 2024 iGaming Fraud Report appeared first on European Gaming Industry News.
Industry Awards
Amusnet Celebrates Successful SiGMA Euro-Med 2025 with “Best Game Studio” Award

Amusnet, a leading all-casino solutions provider, recently attended the SiGMA Euro-Med 2025 expo, which was held in Malta between September 2nd and 3rd, 2025. The highlight of Amusnet’s participation was taking home the “Best Game Studio” award at the official ceremony held on September 1. This victory is a powerful testament to the company’s steadfast dedication to excellence and unwavering commitment to creating exceptional gaming experiences.
“We are extremely honoured to receive this award. It reflects our team’s hard work and reinforces our commitment to providing our partners with top-notch solutions. This recognition at SiGMA Euro-Med fuels our passion for excellence and reaffirms Amusnet’s position as a forward-thinking leader on the global stage,” said Julia Peeva-Sertov, CEO & Director at Amusnet Gaming, Malta.
The expo gathered over 12,000 delegates from across the globe, including operators and affiliates, and 400+ expert speakers. Amusnet teams engaged with partners and visitors, presenting a comprehensive suite of iGaming solutions. The company’s stand also welcomed official visitors, including Malta’s Prime Minister Robert Abela and Hon. Stefan Zrinzo, Minister for European Funds and the Implementation of the Electoral Programme. Their presence underscored the significance of Amusnet’s role in strengthening Malta’s position as a global iGaming hub. These high-profile visits highlighted the company’s contribution to product excellence, economic growth and the broader digital entertainment ecosystem.
At the booth, the company featured some of its most popular slots, Live Casino games and the latest promotional tools, including the Tournaments promotional tool, new Cash Bomb Feature of the signature Jackpot Cards and the new dynamic jackpot system – Golden Coins Link, all of which are designed to enhance player engagement and drive operator success.
Strengthened by key awards and new strategic partnerships forged at the event, Amusnet is well-prepared to continue this momentum and looks forward to shaping the future of iGaming with its partners.
The post Amusnet Celebrates Successful SiGMA Euro-Med 2025 with “Best Game Studio” Award appeared first on European Gaming Industry News.
Balkan's
BEGE Awards Nominations Now Open – Celebrating 16 Years of Industry Excellence!

We are excited to announce that the nominations for the 16th edition of the prestigious BEGE Awards are officially open! As a key highlight of the Balkan Entertainment and Gaming Exhibition (BEGE), the largest and most influential event for gambling professionals in Eastern Europe, the awards continue to recognize outstanding achievements, innovation, and leadership within the gaming industry.
The BEGE Awards serve as a distinguished platform for industry pioneers – from gaming equipment and software developers to land-based and online operators, affiliates, payment service providers, media, and industry associations. Each year, the awards spotlight the most innovative solutions, strategies, and technologies shaping the future of gambling both in Europe and globally.
Over the past years, the BEGE Awards have become synonymous with excellence, celebrating companies and individuals who push the boundaries of innovation and set new standards in the gaming sector.
This year’s ceremony promises to be even more memorable as we mark the 16th anniversary of the awards. The event will take place on November 26th at the Megami Club, Sofia, followed by an amazing night at the BEGE Party. It will be an exceptional gathering of industry leaders, innovators, and visionaries, once again celebrating the very best in gaming.
We invite all qualifying companies and professionals to submit their entries and join us in celebrating excellence in the gaming industry. This year the categories are divided into five key groups: Online B2B, Online B2C, Land-based B2B, Land-based B2C, and Industry.
For nominations and further information, visit: https://www.balkangamingexpo.com/register-for-bege-awards-2025/
Submission Deadline: 1st of October
Let’s make the 16th edition of the BEGE Awards the most remarkable yet. Together, we shape the future of gaming!
The post BEGE Awards Nominations Now Open – Celebrating 16 Years of Industry Excellence! appeared first on European Gaming Industry News.
Industry Awards
PG Soft wins Best Slot Provider at SiGMA Euro-Med Awards 2025

PG Soft, a world-class digital mobile games company, has been crowned ‘Best Slot Provider 2025’ at SiGMA Euro-Med Awards which were hosted at the Hilton Malta’s elegant Grandmaster Suite.
The ‘Best Slot Provider 2025’ award recognises the most innovative slot game provider, judged on creativity, performance, and excellence in delivering compelling content. Finalists were determined through a combined shortlisting process and voting by both the public and expert judges.
PG Soft also served as Title Sponsor for the prestigious event that saw the company branding feature throughout the ceremony and across SiGMA’s digital channels.
PG Soft’s spokesperson commented: “Winning the ‘Best Slot Provider 2025’ award is a huge achievement and a powerful recognition of our dedication to creating innovative and entertaining games. This motivates us greatly to continue raising the bar and delivering unforgettable experiences for players worldwide.”
The post PG Soft wins Best Slot Provider at SiGMA Euro-Med Awards 2025 appeared first on European Gaming Industry News.
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